Sensex turns positive; Wipro, Tata Motors, Bharti rally
By IRIS
01st November 2012 01:18 PM
Indian marketsturned positive thanks to buying interest seen in consumer durables, auto and realty stocks.At 11.57 a.m., the Sensex was trading up 34.02 points or 0.18% at 18,539.40 with 21 components gaining. Meanwhile, the Nifty was trading higher by 11.55 points or 0.21% at 5,631.25 with 37 components gaining.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 17.48 points or 0.09% at 18,487.90, while the broad based NSE Nifty started with a fall of 9.85 points or 0.18%, at 5,609.85.
Sensex Movers
Tata Motors contributed rise of 19.6 points in the Sensex. It was followed by Bharti Airtel (10.11 points), Wipro (8.58 points), ICICI Bank (8.12 points) and Larsen & Toubro (6.97 points).
However, Hindustan Unilever contributed fall of 15.9 points in the Sensex. It was followed by ITC (15.64 points), Reliance Industries (8.07 points), Infosys (6.74 points) and Oil & Natural Gas Corporation (6.67 points).
Major gainers in the 30-share index were Wipro (3.53%), Tata Motors (3.38%), Bharti Airtel (2.43%), Cipla (2.17%), Maruti Suzuki India (1.60%), and Hero Motocorp (1.44%).
On the other hand, Hindustan Unilever (2.27%), Oil & Natural Gas Corporation (0.97%), ITC (0.85%), Jindal Steel & Power (0.59%), Infosys (0.51%), and Reliance Industries (0.48%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.74% and 0.60% respectively. The major gainers in the BSE Midcap were Alstom India (3.18%), Aban Offshore (1.53%), Amara Raja Batteries (0.57%), A B G Shipyard (0.55%) and AIA Engineering (0.44%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.3%), Action Construction Equipment (2.06%), Aarti Industries (1.46%), Trident (1.14%) and Styrolution ABS (India) (0.43%).
Sectors in Limelight
The Consumer Durables index was at 7,241.65, up by 303.95 points or by 4.38%. The major gainers were C.Mahendra Exports (3.27%), Whirlpool Of India (1.73%), Rajesh Exports (1.34%), Gitanjali Gems (0.6%) and Blue Star (0.05%).
The Auto index was at 10,462.11, up by 154.85 points or by 1.50%. The major gainers were Maruti Suzuki India (1.6%), Hero Motocorp (1.44%), Bajaj Auto (1.26%), Exide Industries (1.2%) and Mahindra & Mahindra (0.62%).
The Realty index was at 1,795.47, up by 23.85 points or by 1.35%. The major gainers were Godrej Properties (3.39%), Indiabulls Real Estate (3.14%), Housing Development and Infrastructure (1.41%), DB Realty (1.17%) and DLF (0.62%).
On the other hand, the FMCG index was at 5,646.40, down by 40.9 points or by 0.72%. The major losers were Hindustan Unilever (2.27%), Godrej Consumer Products (1.2%), ITC (0.85%) and Colgate-Palmolive (India) (0.7%).
Market Breadth
Market breadth was positive with 1,470 advances against 920 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 421.29 million. It was followed by State Bank Of India (Rs. 318.56 million), Reliance Industries (Rs. 223.42 million) and Titan Industries (Rs. 202.99 million).
The volume chart was led by Kingfisher Airlines with trades of over 6.98 million shares. It was followed by Pudumjee Pulp & Paper Mills (2.49 million), Lanco Infratech (2.08 million) and TV18 Broadcast (2.04 million).
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